Total Members: 158,198

JPCCM

  • JPCCM replied to the topic how the family trust protect assets in the forum Legal & Accounting 12 years, 9 months ago

    Yeah that’s why I was saying, alot of people setup the trust, but do not put there own homes under it also, and can get caught out, but it doesn’t really matter, because you would borrow under the trust to use the equity to acquire more property. Its more for the fact that some banks look at any positive income in a percentage range income, for…[Read more]

  • JPCCM replied to the topic how the family trust protect assets in the forum Legal & Accounting 12 years, 9 months ago

    I can’t get through to my work email but searching on another firm, came up with this.

    Asset Protection
    A Trustee of a discretionary trust holds the property beneficially for the beneficiaries.  Property held by a person as trustee cannot be taken by a creditor in bankruptcy, unless the debt relating to the creditor was a trust debt. Similarly,…[Read more]

  • JPCCM replied to the topic how the family trust protect assets in the forum Legal & Accounting 12 years, 9 months ago

    Discretionary trust.

    Only way creditors can leech the trust is if the trust itself has borrowed funds. Otherwise it can’t be touched even someone hurts them selves and the assets are under a trust creditors can’t access it. But not many people put there own home inside the trust because of the fear of complications of not officially owning the…[Read more]

  • JPCCM replied to the topic Help please, I dont know what to do about my investment property in the forum Help Needed! 12 years, 9 months ago

    In your case, with that amount of savings, I would find another investment to fund your current problem. Don’t run in circles, sit back be calm look at the numbers and see if they stack up, even if it means purchasing into shares on a blue chip company for the dividends to offset your repayments. Seems that your trying to break into the property…[Read more]

  • JPCCM replied to the topic South Kempsey and By pass in the forum Help Needed! 12 years, 9 months ago

    I know of 1 person, that owns a fair bit of property and makes a huge return and bought some under $50,000. Your not researching or investigating hard or far enough.Ive found properties in St. Claire and North St. Marys, that are under $170,000. And probably cheaper.

  • JPCCM replied to the topic 10k, no debt.. enough to start ? in the forum Help Needed! 12 years, 9 months ago

    Tsk tsk, giving your money to FA’s and what you just have over them control and you hold all the liability? How about research for yourself, start the steps, it will also start the moment for your motivation.

    Ask the questions, don’t be like others and don’t assume you can’t do anything with only limited amount of money.

    And make sure you do…[Read more]

  • JPCCM replied to the topic How to invest without the fears/risks in the forum General Property 12 years, 9 months ago

    I don't think many people know this, but I myself arent sure which bank offers 100% calculation on rental income, but I know st.george calculates value of around 60% of rental income.So if you a few of get at least $1000 a week rental income, if nots in a trust or just under your name, most likely the bank is only calculating $650 of it and the…[Read more]

  • JPCCM replied to the topic FOR BEGINNERS – LISTEN,LEARN,RESEARCH in the forum General Property 12 years, 10 months ago

    Alot of questions people ask them selves about investing, and any other sort of typical chat on 'how to do it' I'm sure if its alot easier to research your own answers?Instead of asking someone how come the banks wont lend you anymore money, find out the reason why?Can't find any properties that are cash flow positive? Well your not looking hard…[Read more]

  • JPCCM replied to the topic Renting out primary residence then rent somewhere else in the forum General Property 12 years, 10 months ago

    Could it be wiser finding 2 very cheap investments, sitting back doing the research, making sure the numbers add up, and try to make the money to pay off your house? Have you considered that all though cheaper to live but travel distance is greater to work or such areas of recreation and would cost you more in fuel, in multiple cars? Or that other…[Read more]

  • JPCCM replied to the topic Help needed. Estimations for these renovation costs in the forum Value Adding 12 years, 12 months ago

    And make sure you know the difference in builders clay to lime.

    And paint, buy a pallet of it, you can store it for a while.

  • Your strategy should be based on who your connections are, who your related too, what your good at, this is what makes a good strategy. Not by looking at someone else how they buy all these positive geared properties and so on, they may no realtors from all around, you don’t know.

    I have the most ideal strategy for me, and it’s easy to guess…[Read more]

  • JPCCM replied to the topic Converting laundry to a 2nd bathroom? in the forum Value Adding 13 years ago

    Coring into a concrete slab is a lot dearer then most people think. Beware of these drills !

    It’s best when you have a IP on a pier slab. Everything is so easy.

  • JPCCM replied to the topic building costs in the forum Value Adding 13 years ago

    Yeah I wish wingercaribbee council was that easy going

  • JPCCM replied to the topic building costs in the forum Correct me if I’m wrong, but 13 years ago

    Correct me if I’m wrong, but I think once the kitchen and bathroom are put in, it is then declared a dwelling and probably need DA approval.

  • JPCCM replied to the topic building costs in the forum Value Adding 13 years ago

    80 to 100k? You can get basic home from mastertons for that much. Keep shopping around. There is cheaper then that.
    I wouldn’t pay nothing less for basic lightings and fixtures at around 65 to 85k.

    Check out the different buidling materials that are out there. The kit homes are also rip offs. And can be more costly in the future for constant repairs.

  • JPCCM replied to the topic BUYING PROPERTY IN CALABRIA, ITALY in the forum Overseas Deals 13 years, 8 months ago

    Yeah I would say its dangerous if your not from the town originally. Where looking into purchasing there also, and we have no problems.  Some of the units have more Hi Fi then our own homes here. But like I said, you have to be from around there in the first place.  Because if your not, you will fall into trouble all the time.

  • JPCCM replied to the topic Property Development – Getting hands-on Project Management experience in the forum Help Needed! 13 years, 11 months ago

    If I'm right, you want to be the middle man to be able to build a structure for a Property Developer? And claim also commission on the build if you sell the 'price' to buyers?If this is right, then you need a trade or more than 5 years in building industry, and have a Cert. 4 Builders to probably concrete the position. Otherwise experience in…[Read more]

  • JPCCM replied to the topic Advice needed for first time investing. Sydney in the forum Help Needed! 13 years, 11 months ago

    Well, I'm not property investor smart, but I'm a fast learner. We have the assets and pay to be able to buy. But I want to do my research first, and speak who ever may be of service for investing in property specially in Sydney (though we live here, we'd invest in other states also).My wife and I are both young (24 & 25), we both have good jobs…[Read more]

JPCCM

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